Formation Metals Inc. is a well established mineral exploration, development and refining company that is dedicated to theFormationMetals1.jpg (37388 bytes) principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation through its wholly owned subsidiaries, has interests in base, precious metal and uranium projects in Canada, the United States and Mexico.

The Company's flagship property, the 100% owned Idaho Cobalt Project, is a primary cobalt mine located in Salmon, Idaho. The Big Creek Hydrometallurgical Complex which includes the Sunshine Precious Metals Refinery, also 100% owned and located in Idaho, will process the Idaho Cobalt Project concentrate into LME grade high purity cobalt metal suitable for next generation Lithium-Cobalt-Ion rechargeable batteries used in hybrid and electric vehicles and for critical applications in the super-alloy sector such as jet turbine blade production. Cobalt consumption grew at an estimated +8% annual growth rate over the last decade.